This fits with a report from Nick Wagoner, who mentioned that “4 or 5” teams have reached out to the Rams about Foles. However, these teams reportedly wanted to see how things go in the draft before getting serious about a potential deal.
Adam Schefter reported earlier in the week that “several” teams have interest in Foles.
The Rams wound up using the No. 1 overall pick on Jared Goff last night, and re-signed Case Keenum to a one-year deal. Beyond that, Los Angeles still has Sean Mannion on their roster as a developmental option.
Many assumed that Foles’ contract would leave him as a less appealing trade option, even though there are a few teams in need of a quarterback. However, Jason Fitzgerald points out that it would only cost a team $1.75 million to trade for Foles.
As of now, Foles counts $8.75 million against the Rams’ 2016 salary cap, which breaks down to a $6 million roster bonus that is guaranteed, $1 million of signing bonus proration and $1.75 million in base salary.
Releasing Foles would result in a cap hit of $8 million, and designating him as a post-June 1 release would only reduce this figure to $7 million.
If the Rams were able to find a trade partner, they would pick up $6.75 million in cap space and just $2 million in dead money, but you can bet teams wouldn’t be willing to include more than a late-round pick for him.
Foles, 26, came over in a trade from the Eagles that sent Sam Bradford to Philadelphia. He had one year remaining on his rookie contract when the Rams signed him to a two-year, $24 million extension back in August of last year.
In 2015, Foles completed 56.4 percent of his passes for 2,052 yards, seven touchdowns and 10 interceptions. Pro Football Focus has him rated as the No. 36 quarterback out of 37 qualifying players.